A numbers game run by many state governments allows a player to select a three-digit number from 000 to 999. There are 1000 suc
1 answer:
Answer:
The expected value for the game is of -$4.5
Step-by-step explanation:
The expected value of the game is given by each scenario multiplied by its probability.
Scenario 1: Player wins
1 correct number from a set of 1000, so probability of 1/1000.
In this case, the player spent $5, but earns $500, so a net of 500 - 5 = $495
Scenario 2: Player loses
Probability of 999/1000.
In this case, the player loses $5.
So, the expected value for the game is:
The expected value for the game is of -$4.5
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Answer:
<h3>B = 48.7° , C = 61.3° , b = 12</h3>Step-by-step explanation:
In order to find B we must first angle C
To find angle C we use the sine rule
That's
From the question
a = 15
A = 70°
c = 14
So we have
C = 61.288
<h3>C = 61.3° to the nearest tenth</h3>Since we've found C we can use it to find B.
Angles in a triangle add up to 180°
To find B add A and C and subtract it from 180°
That's
A + B + C = 180
B = 180 - A - C
B = 180 - 70 - 61.3
<h3>B = 48.7° to the nearest tenth</h3>To find b we can use the sine rule
That's
b = 11.9921
<h3>b = 12.0 to the nearest tenth</h3>Hope this helps you
Answer:
c(p) = {0.2 p ⇒ p < 1000
0.24 p - 40 ⇒ 1000 ≤ p ≤ 2000
0.29 p - 140 ⇒ p > 2000}
Step-by-step explanation:
* Lets explain how to solve the problem
- The profit is represented by p
1. If the profit is under $1,000, the commission rate is 20%
∵ The profit is p < 1000
∵ 20% of p = = 0.2 p
∵ c(p) is the function of the commission
∴ c(p) = 0.2 p when p < 1000
2. If the profit is at least $1,000 and less than or equal to $2,000, the
commission rate is 20% of the first $1,000 and 24% of the remainder
of the profit
- At least means greater than or equal
∵ The profit 1000 ≤ p ≤ 2000
- The commission is divided into 20% of first $1000 and 24% of
the reminder
∵ 20% of 1000 = = 200
∵ The remainder of the profit = p - 1000
∵ 24% of the remainder profit =
= 0.24(p - 1000) = 0.24 p - 240
∴ The total commission = 200 + 0.24 p - 240
∴ The total commission = 0.24 p - 40
∴ c(p) = 0.24 p - 40 when 1000 ≤ p ≤ 2000
3. If the profit is above $2,000, the rate is 20% of the first $1,000
of profit, 24% of the next $1,000 of profit, and 29% of the amount
of profit over $2,000
∵ The profit p > 2000
- The commission is divided into 20% of first $1000 and 24% of the
next $1,000 of profit, and 29% of the amount of profit over $2,000
∵ 20% of 1000 = = 200
∵ 24% of 1000 = = 240
- The amount of profit over $2,000 = p - 2000
∵ 29% of the amount of profit over $2,000 =
= 0.29(p - 2000)
= 0.29 p - 580
∴ The total commission = 200 + 240 + 0.29 p - 580
∴ The total commission = 0.29 p - 140
∴ c(p) = 0.29 p - 140 when p > 2000
* The commission function is:
c(p) = {0.2 p ⇒ p < 1000
0.24 p - 40 ⇒ 1000 ≤ p ≤ 2000
0.29 p - 140 ⇒ p > 2000}